Business Segment

3 Months Ended

Mar. 31, 2021

Business Segment

Business Segment

4. Business Segment

The Company has identified one reportable segment based on the distinctness of the Company’s activities and products: lime and limestone operations. All operations are in the United States. In evaluating the operating results of the Company, management primarily reviews revenues, gross profit and operating profit from the lime and limestone operations. Operating profit from its lime and limestone operations includes all of the Company’s selling, general and administrative costs. The Company does not allocate interest expense and interest and other income (expense), net to its lime and limestone operations. Other revenues, gross profit and operating profit in the Company’s segment disclosures include the Company’s natural gas interest. Other identifiable assets include assets related to its natural gas interests, unallocated corporate assets and cash items.

The following table sets forth operating results and certain other financial data for the Company’s lime and limestone operations segment and other (in thousands):

	Three Months Ended March 31,
Revenues	2021		2020
Lime and limestone operations	$	41,356	$	38,214
Other		318		226
Total revenues	$	41,674	$	38,440
Depreciation, depletion and amortization
Lime and limestone operations	$	5,137	$	4,413
Other		139		188
Total depreciation, depletion and amortization	$	5,276	$	4,601
Gross profit (loss)
Lime and limestone operations	$	11,804	$	10,039
Other		1		(162)
Total gross profit	$	11,805	$	9,877
Operating profit (loss)
Lime and limestone operations	$	8,737	$	6,820
Other		1		(162)
Total operating profit	$	8,738	$	6,658
Identifiable assets, at period end
Lime and limestone operations	$	191,419	$	186,702
Other		93,991		65,165
Total identifiable assets	$	285,410	$	251,867
Capital expenditures
Lime and limestone operations	$	4,543	$	6,106
Other		—		—
Total capital expenditures	$	4,543	$	6,106